Advocates Defend Castro, But. . .

A coalition of 14 civil rights groups and housing advocacy groups had some harsh criticism for HUD Secretary Julián Castro earlier this month as they labeled HUD’s Distressed Asset Stabilization Program (DASP) a “Wall Street giveaway” for its tendency to sell delinquent mortgage loans to investors and private equity firms. Some of the groups—even some…

NAHREP: Housing Department needs to provide lenders with greater certainty and clarity

Secretary of Housing and Urban Development (HUD) Julian Castro has recently been the subject of harsh criticism from a handful of non-profit groups in connection to his department’s administration of the Distressed Asset Stabilization Program (DASP). Implemented in 2012, a full two years before Secretary Castro’s appointment, the program was designed to maximize recovery to…

How to engage with Hispanic realtors

With the number of Hispanic home owners in the United States rising, one leading brand has recognised the community’s significant economic influence and purchasing power. RE/MAX representatives have been attending and taking part in the 2016 National Association of Hispanic Real Estate Professionals (NAHREP) annual policy conference in Washington DC. RE/MAX agents dominated the 2015…

Hispanic homeownership on the rise

There’s been much focus on millennials and their importance on the housing market, but when we look at where homeownership growth has been the strongest, it’s among Hispanics, including Hispanic millennials. In fact, 2015 marked the fifth consecutive year that Hispanic homeownership has been on the rise, according to the recently released State of Hispanic…

Revising credit-scoring models is key to boosting minority homeownership, industry expert says

Over the past year, the Hispanic-homeownership rate posted the largest increase in a decade, jumping 2.2 percentage points, to 46.7 percent, according to a report from the National Association of Hispanic Real Estate Professionals (NAHREP). Joseph Nery, who took over as NAHREP’s president this past week, spoke with Scotsman Guide News about the importance of…